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Do you know what your net rate of return is on your investment portfolio? How much money are you actually taking home at the end of the day?

In this episode, John and Michael Parise discuss the importance of understanding that it’s not about what you make, it’s about what you keep.

In this episode, you will learn:

• What your financial advisor means when they talk about your “net composite rate of return”
• Why it’s so important to know the difference between taxable income vs. tax-free income
• Which investment portfolio fees you might not be aware of
• How different types of investment income are taxed
• Why you should meet with your advisor quarterly rather than annually
• And more!

Tune in and learn how to keep more of your money!

Resources:  Copper Beech Financial Group | “10 Eye-Opening Questions” Whitepaper

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In a highly competitive job market, retaining high-level executives can be a challenge for privately held companies. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss ways that companies can offer their top executives competitive benefits for continued service.

In this episode, you will learn:

• The importance of having a plan in place for your company if you were to die tomorrow
• How to use different forms of compensation to make your company stand out
• What an employee stock option plan (ESOP) is and how it can benefit employees and your company
• Why structuring your company properly is the most effective way to protect wealth generationally
• And more!

Tune in to this episode and learn about keeping top management in a competitive job market!

Resources:  Copper Beech Financial Group

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To building lasting wealth, it’s essential for families to hold multigenerational meetings that cultivate honesty and transparency. In this episode, John and Michael Parise discuss the importance of family meetings as part of their process at Copper Beech Financial Group.

In this episode, you will learn:

• How family meetings can help to prevent loss of wealth through multiple generations
• Why it’s especially important to include younger generations in family meetings
• How Copper Beech facilitates personal “x-party” communication within families
• And more!

Every family needs better communication, especially when it comes to protecting wealth . . . listen to this episode to learn more!

Resources:  Copper Beech Financial Group

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So far, father-son duo John and Michael Parise have discussed many specific topics about generational wealth planning. Today, they’re taking a different approach.

In this episode of The Truth About Wealth Podcast, John and Michael share a case study that gives you a full start-to-finish picture of how they help families with their planning.

In this episode, you will learn:

• How your assets can expose you to unique taxes, especially if your trust expires while you are still living
• How Copper Beech works to ensure that their clients’ assets are given to family and charity, before taxes, when clients pass away
• How John and Michael use a cash flow analysis to save clients as much as possible in taxes
• How families can benefit from working with a family-office structured firm
• And more!

Tune in now and get a complete picture of Copper Beech’s planning process!

Resources:  Copper Beech Financial Group | Episode 3 – Audits Don’t Need to Be Scary

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Are your assets protected?

This question is highly relevant to high-net-worth families and individuals, and it involves delving into emotional topics. In the second part of their mini-series, John and Michael Parise guide you with compassion and expertise through the final three asset protection risks and how to avoid them.

In this episode, you will learn:

• The impact of premature death and spousal remarriage on assets after the passing of the first spouse
• Examples of scenarios in which a prenuptial agreement may not protect all assets
• What incorrect trust planning really is and why it’s critical to choose the right type of trust for your situation
• How to overcome a lack of financial knowledge (and why it’s important)
• About the importance of educating your children and grandchildren in financial literacy  to protect your assets in the long term
• And more!

Tune in now and learn how to protect your assets from three major risks!

Resources:  Copper Beech Financial Group | Using Trusts to Avoid Asset Protection Risks: Part 1

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It’s imperative that high-income families take steps to protect their assets.

In this episode, John and Michael Parise explain how they help clients avoid four asset protection risks, starting with potential lawsuits. It’s time for Juris Doctor Michael to share how he puts his law degree to work at Copper Beech Financial Group.

In this episode, you will learn:

• About the number-one risk for high-income families (lawsuits) and how to use living asset protection
• What an umbrella policy is and what it really does for your money
• How to protect assets in the event of a divorce or separation, especially if there is no prenuptial agreement
• How it’s possible to design trust funds that protect your money for yourself and your children or grandchildren
• What HEMS language is and how it can protect assets from misuse of trust funds
• And more!

Tune in now and learn how to protect your assets from four major risks!

Resources:  CopperBeech Financial Group

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If something were to happen to you tomorrow, what would happen to your business?

This is the first question in John and Michael Parise’s insightful and action-prompting white paper, 10 Eye-Opening Questions to Protect Your Wealth. Today, they explain why this is one of the most important questions you can ask yourself as a business owner.

In this episode, you will learn:

• About the importance of exploring different exit strategies depending on the structure of your business
• What a phantom stock plan is and how it can provide bonuses to key executives in the event of the owner’s passing or the sale of the company
• Why it’s crucial to be aware of your heir’s abilities
• And more!

Tune in now and learn how to protect your business for generations to come!

Resources:  Copper Beech Financial Group | 10 Eye-Opening Questions to Protect Your Wealth

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When you hear “finance” and “audit” in the same sentence, you might feel your stomach flip.

But fear not. Copper Beech Financial Group’s audit process is a very positive tool that can be used to determine the next steps in a client’s wealth journey.

In this episode, you will learn:

• About the steps of the audit process and the 80-90 page report that it generates for potential clients
• The benefits of working with Copper Beech to create the report, and how the audit can help you—even if you choose not to work with the Parises
• How you can use the audit process to save money
• Why Copper Beech strongly values having trust and openness with their clients
• And more!

Tune in now and discover a new way to think about getting audited!

Resources:  Copper Beech Financial Group

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Copper Beech Financial Group provides a specialized service for their clients. Specifically, they take on the role of ‘family CFO’ to provide multi-generational financial planning for high-income families.

In this episode, you will hear about the discovery process for prospective clients at Copper Beech Financial Group, and the ins and outs of the ‘family office platform’ that John and Michael Parise provide for their clients.

In this episode, you will learn:

• What a family office mode looks like, and why it is most suitable for specific clients
• How the Copper Beech team engages existing advisers, accountants, attorneys, and other financial planners in their process, rather than replacing those services
• The timeline of services that Copper Beech provides to its clients
• Why Copper Beech believes in helping families create legacy letters and mission statements for the younger generations
• And more!

Tune in now to learn all about Copper Beech’s specialized multi-generational planning process!

Resources:  Copper Beech Financial Group

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In this inaugural episode of The Truth About Wealth Podcast, you’ll meet John and Michael Parise of Copper Beech Financial Group. This father-son duo works with families in the southern New Jersey-Philadelphia area, offering them supports in their generational financial planning.

In this episode you will learn:

• How John Parise got his start in finance and how it shaped the way that he and his team developed focused strategies in generational financial planning
• Why Copper Beech acts as a CFO for families rather than working in siloed sectors
• How Michael Parise uses his law background to help clients prevent generation-planning problems before they occur
• The financial philosophy of Copper Beech…or rather, philosophies
• That you don’t know what you don’t know—and how Copper Beech can provide you with education and counsel
• Who John and Michael are outside of the office
• And more!

Check out this first episode and get to know John and Michael Parise, the men of Copper Beech Financial Group!

Resources:  Copper Beech Financial Group